Bank Of Nova Scotia · TSX:BNS
Bank Of Nova Scotia — The Bank of Nova Scotia — Q3 2025 Earnings Presentation
70 slides from Bank Of Nova Scotia's earnings presentation, Aug 26, 2025
Slide 1: Investor Presentation
Investor Presentation August 26, 2025
Slide 2: Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements Forward-looking Statements From time to time, our public communications include oral or accounting standards, rules and interpretations on these estimates; global capital markets written forward-looking statements. Statements of this type are included in
Slide 3: Opening Remarks
Opening Remarks Scott Thomson President & CEO 3
Slide 4: Highlights: Executing on Our Plan
Highlights: Executing on Our Plan • Pre-Tax Pre-Provision1 earnings up 29% Y/Y (adj1 up 17%) • US GBM contributed 42% of total GBM net income • Revenues up 13% Y/Y Grow and scale • International Banking results • YTD operating leverage2 -4.8%; adjusted1 +2.9% in priority businesses ahead of Investor
Slide 5: Q3/25 Overview
Q3/25 Overview Raj Viswanathan Group Head & CFO 5
Slide 6: Q3 2025 Financial Performance
Q3 2025 Financial Performance $MM, except EPS Q3/25 Y/Y Q/Q Y/Y HIGHLIGHTS Reported Net Income $2,527 32% 24% • Diluted EPS up 31%, adjusted1 up 15% Diluted EPS $1.84 31% 25% o Higher revenues partially offset by higher expenses and taxes Revenue $9,486 13% 4% • Revenues up 13% Expenses $5,089 3% (0
Slide 7: Strong Capital Position
Strong Capital Position Q/Q CHANGE IN CET1 RATIO (%)1 • The CET1 ratio of 13.3%, improved by ~10 basis points Q/Q: • Strong internal capital generation (+13 bps), higher unrealized FVOCI2 securities gains (+4 bps), net of share repurchases of 3.2 million shares (- 5 bps) 13.2% 20 bps 4 bps 1 bp 13.3
Slide 8: Canadian Banking
Canadian Banking $MM Q3/25 Y/Y Q/Q Y/Y HIGHLIGHTS Reported • Net Income down 2% Net Income1 958 (2%) 56% o Higher expenses and PCLs, partly offset by higher revenues Revenue 3,371 2% 4% • Revenue up 2% Expenses 1,596 4% 1% o Net interest income up 2% from volume growth and the benefit of the BA conv
Slide 9: Global Wealth Management
Global Wealth Management $MM Q3/25 Y/Y Q/Q Y/Y HIGHLIGHTS Reported Net Income1 $417 14% 5% • Net Income up 14% o Canadian earnings up 13% Revenue $1,604 12% 4% o International up 21% Expenses $1,030 11% 3% • Revenue up 12% o Higher mutual fund fees, brokerage revenues, and net interest Pre-Tax, Pre-
Slide 10: Global Banking and Markets
Global Banking and Markets $MM Q3/25 Y/Y Q/Q Y/Y HIGHLIGHTS Reported Net Income1 473 29% 15% • Net Income up 29% o US net income of $198 MM, down 9% (up 21% Q/Q) Revenue 1,530 21% 5% • Revenue up 21% Expenses 894 16% 2% o Capital Markets up 54% Pre-Tax, Pre-Provision Profit2 636 29% 10% o Business B
Slide 11: International Banking
International Banking Constant dollar basis2 Y/Y HIGHLIGHTS (CONSTANT DOLLAR) $MM Q3/25 Y/Y Q/Q Y/Y Q/Q Reported • Revenue up 3% Net Income1 670 6% (1%) 8% 1% o Net interest income up 3% Revenue 3,003 1% 1% 3% 3% o Non-interest income up 3% Expenses 1,511 (2%) (1%) (1%) 0% • NIM2 up 13 bps (up 4 bps
Slide 12: Other
Other REPORTED NET LOSS1 ($MM) HIGHLIGHTS • Reported net loss this quarter of $71 million (125) (71) • Adjusted2 net loss improved $24 million Q/Q due to higher revenue and lower expenses: (465) (619) o Revenue improvement of $81 million from lower funding costs (1,341) Q3/24 Q4/24 Q1/25 Q2/25 Q3/25
Slide 13: Risk Review
Risk Review Phil Thomas Group Head & Chief Risk Officer 13
Slide 14: Allowance for Credit Losses
Allowance for Credit Losses TOTAL ACLS1 ($MM) AND ACL RATIO2 HIGHLIGHTS 91 bps 95 bps 96 bps • Total ACL ratio of 96 bps, up 1 bp Q/Q 89 bps 88 bps o Performing allowances were ~$5.2 billion, up $77 million Q/Q 7,276 7,386 (+53 million ex. F/X), due primarily to credit quality migration 6,860 6,736
Slide 15: Provision for Credit Losses
Provision for Credit Losses $MM $MM Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q/Q HIGHLIGHTS All-Bank Impaired 970 1,043 1,064 • Total PCL ratio of 55 bps, down 20 bps Q/Q: 1,052 975 Performing 82 (13) 98 346 66 o Performing provisions (4 bps); related to credit quality Total 1,052 1,030 1,162 1,398 1,041 migra
Slide 16: Gross Impaired Loans and Net Write-offs
Gross Impaired Loans and Net Write-offs GILS ($MM) AND GIL RATIO1 GIL FORMATIONS ($MM) 84 bps 88 bps 91 bps 90 bps 90 bps 2,529 2,383 2,447 2,334 26 7 2,285 17 15 17 97 109 109 178 235 91 6,739 7,064 6,849 6,890 6,489 71 83 86 66 71 1,055 1,106 1,042 156 158 108 43 1,050 54 2,208 2,245 2,128 2,175 1
Slide 17: Appendix
1 2 Appendix 3 4 5 17
Slide 18: Strong Balance Sheet Metrics
Strong Balance Sheet Metrics $Bn (unless indicated otherwise) Q3/24 Q2/25 Q3/25 Y/Y Capital Metrics CET1 Ratio1 13.3% 13.2% 13.3% 0 bps Tier 1 Capital Ratio1 15.3% 15.4% 15.2% (10 bps) 1 Total Capital Ratio 17.1% 17.1% 16.9% (20 bps) 2 TLAC Ratio 29.1% 30.3% 29.0% (10 bps) Leverage Ratio3 4.5% 4.5%
Slide 19: Net Interest Income and Net Interest Margin
Net Interest Income and Net Interest Margin NET INTEREST MARGIN (NIM)1 HIGHLIGHTS 4 bps • Net interest income (NII) 1 bp 0 bps 236 bps 231 bps o Q/Q: up 4% from 3 more days in the quarter and higher NIM, partly offset by a decrease in earning assets and the negative impact of FX o Y/Y: up 13% from h
Slide 20: Risk Adjusted Margin and NIM
Risk Adjusted Margin and NIM RISK ADJUSTED MARGIN (RAM)1 NET INTEREST MARGIN (NIM)1 3.35% 3.39% 4.50% 4.54% 3.23% 3.26% 4.41% 4.42% 4.40% 3.18% 1.96% 1.93% 1.93% 2.36% 2.32% 2.31% 2.31% 2.36% 1.84% 1.72% 1.89% 2.27% 2.29% 2.14% 2.15% 2.23% 1.69% 1.72% 1.75% 1.54% Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q3/24
Slide 21: Interest Rate Sensitivity and Outlook
Interest Rate Sensitivity and Outlook NET INTEREST INCOME SENSITIVITY1 POLICY RATE CHANGE AND OUTLOOK POLICY RATE CHANGE AND OUTLOOK Policy • Impact of an immediate and sustained 100 bps Rate Change by BNS Fiscal Quarters rate Current Forecast Policy Rate3 parallel shift on net interest income (NII)
Slide 22: KeyCorp Earnings Contribution
KeyCorp Earnings Contribution $MM (unless otherwise stated) Q3/25 Q2/25 Q1/25 Financial Statement Line BNS share of KeyCorp Earnings1 80 78 30 Income from Investments in Associate Purchase Accounting Impact, pre-tax2 23 24 10 Income from Investments in Associate Equity pick-up, pre-tax 103 102 40 In
Slide 23: GDP in Core Markets
GDP in Core Markets REAL GDP (ANNUAL % CHANGE) Forecast1 2010-20 2025 2026 Country 2022 2023 2024 Average Full Full Q1 Q2E2 Q3F Q4F Q1F Q2F Q3F Q4F Year Year Canada 1.6 4.2 1.5 1.6 2.3 1.7 1.4 1.1 1.6 1.0 1.2 1.4 1.5 1.3 U.S. 2.0 2.5 2.9 2.8 2.0 2.0 1.4 1.1 1.5 1.5 1.4 1.4 1.7 1.5 Mexico 1.4 3.7 3.4
Slide 24: Digital Progress
Digital Progress DIGITAL PROGRESS CANADIAN BANKING Canadian Banking D I G I T A L U N I T A C T I V E D I G I T A L D I G I T A L A C T I V E M O B I L E S A L E S ( % ) U S E R S ( M M ) A D O P T I O N ( % ) U S E R S ( M M ) • Streamlined the digital onboarding experience (140 bps) +4.7% +80 bps
Slide 25: Revenue Growth
Revenue Growth CANADIAN BANKING1 INTERNATIONAL BANKING1 in $MM in $MM Constant Dollar Basis2: 3% Y/Y +2% +1% 3,305 3,371 3,235 0% 2,973 2,959 3,003 Y/Y 838 881 +5% 112 106 112 839 Y/Y 536 543 567 +6% Y/Y 2,467 2,395 2,490 +1% 2,325 2,310 2,324 0% Y/Y Y/Y Q3/24 Q2/25 Q3/25 Q3/24 Q2/25 Q3/25 Retail Ba
Slide 26: Non-Interest Expense
Non-Interest Expense NON-INTEREST EXPENSE HIGHLIGHTS $MM Q3/25 Y/Y Q/Q Y/Y Salaries and Benefits 1,922 2% (2%) • Reported expenses up $140 million (up 3%) Performance-based Compensation 655 31% 10% • Adjusted1 expenses up $332 million (up 7%) Share-based Compensation 85 7% (1%) o Higher personnel co
Slide 27: Average Loans by Business Line
Average Loans by Business Line GLOBAL BANKING AND CANADIAN BANKING1 INTERNATIONAL BANKING1 MARKETS in $Bn in $Bn in $Bn Constant Dollar Basis2: (3%) Y/Y 3% (4%) 449 459 461 172 168 165 94 93 94 (14%) 9 9 9 89 85 74 74 82 74 9 9 8 19 20 20 109 271 283 284 96 94 55 55 55 Q3/24 Q2/25 Q3/25 Q3/24 Q2/25
Slide 28: Average Business Banking Loans
Average Business Banking Loans CANADIAN BANKING INTERNATIONAL BANKING GLOBAL BANKING AND COMMERCIAL3 COMMERCIAL & CORPORATE3 MARKETS in $Bn In $Bn in $Bn Constant Dollar Basis1: (8%) Y/Y 0% (9%) (14%) 94 95 94 93 94 89 86 86 85 82 109 101 103 96 94 24 (1%) 22 24 59 60 60 59 59 Y/Y 56 (6%) 22 22 (8%)
Slide 29: Strong Deposit Growth
Strong Deposit Growth AVERAGE DEPOSITS BY SEGMENT6 Q3/25 AVERAGE DEPOSIT MIX in $Bn CB IB GBM GWM Notice - Term - Business 2 Business 3 711 732 725 9% 18% 706 682 Demand- 624 1 591 Personal 2% 367 371 379 377 340 308 294 $725Bn Notice - Demand - 2 Personal Business 1 125 130 132 130 130 21% 104 107
Slide 30: Macroeconomic Scenarios
Macroeconomic Scenarios SELECT MACROECONOMIC VARIABLES USED TO ESTIMATE EXPECTED CREDIT LOSSES Alternative Scenario – Alternative Scenario – Alternative Scenario – Next 12 Months Base Case Scenario Optimistic Pessimistic Very Pessimistic Q3/25 Q2/25 Q3/25 Q2/25 Q3/25 Q2/25 Q3/25 Q2/25 Canada Real GD
Slide 31: Macroeconomic Scenarios
Macroeconomic Scenarios The following charts provide a quarterly breakdown of key macroeconomic variables used for our base case scenarios to calculate the modelled estimate for the allowance for credit losses. CANADA REAL GDP U.S. REAL GDP 2.9 28.0 CAD, trillions (ch. $2017) USD, trillions (ch. $20
Slide 32: PCL on Impaired Loans
PCL on Impaired Loans1 ALL BANK ($MM, BPS) CANADIAN BANKING ($MM, BPS) 57 bps 43 bps 44 bps 55 bps 55 bps 41 bps 39 bps 30 bps 51 bps 51 bps 1,043 1,064 1,052 461 487 488 447 338 970 975 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 • All-Bank impaired PCLs were down 6 basis points Q/Q
Slide 33: Canadian Retail: Loans and Provisions
Canadian Retail: Loans and Provisions 1 MORTGAGES AUTO LOANS 15 179 10 152 153 158 143 135 106 113 6 5 6 3 3 4 4 3 141 144 150 111 114 106 89 104 1 4 1 4 2 3 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 LINES OF CREDIT CREDIT CARDS 855 167 171 137 1
Slide 34: Canadian Residential Mortgages
Canadian Residential Mortgages Asset yields on variable rate mortgages reprice with each change to Scotiabank’s prime rate MORTGAGE PORTFOLIO1 in $Bn (Spot) 23% 34% in $Bn (Spot) Mortgage Portfolio Variable Mortgages Insured Variable Total Outstanding Balance $306 $103 Uninsured Outstanding Balance
Slide 35: Canadian Residential Mortgages
Canadian Residential Mortgages MORTGAGE PORTFOLIO1 in $Bn (Spot) Freehold Condos 83% ($253Bn) Freehold 170.1 25.8 62.0 Total 144.3 19.6 32.0 20.4 11.8 9.3 Portfolio1 42.4 3.9 3.1 0.3 0.7 28.1 $306Bn Ontario BC & Territories Alberta 17.3 Quebec 11.5 Atlantic 8.6 Manitoba & Provinces Saskatchewan 17%
Slide 36: International Retail: Loans and Provisions
International Retail: Loans and Provisions CARIBBEAN AND MEXICO CHILE CENTRAL AMERICA 231 224 204 151 175 211 188 188 187 136 136 139 MARKETS 185 201 175 162 124 122 137 WITH 148 155 137 128 129 GREATER 196 207 182 174 135 168 166 146 160 168 WEIGHTING 154 168 105 101 114 117 118 128 128 94 124 107
Slide 37: Retail 90+ Days Past Due Loans
Retail 90+ Days Past Due Loans1 Canada Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Mortgages 0.16% 0.20% 0.19% 0.20% 0.23% 0.24% 0.24% 0.24% Personal Loans 0.69% 0.55% 0.50% 0.50% 0.51% 0.57% 0.51% 0.49% Credit Cards 0.70% 0.79% 0.79% 0.74% 0.86% 1.10% 1.13% 0.96% Secured and 0.29% 0.33% 0.31% 0
Slide 38: Commercial Real Estate
Commercial Real Estate Portfolio comprised of Commercial Real Estate, and Contractor loans which include Engineering & Project Management and Trade Contractors SPOT LOANS OUTSTANDING1 HIGHLIGHTS Q3 24 Q2 25 Q3 25 Total Portfolio: $62.6Bn • Portfolio at $62.6 Bn represents 8.1% of total loans and Y/Y
Slide 39: Trading Revenue and VaR
Trading Revenue and VaR1 NO TRADING LOSS DAY (Q3/25) 3-months ending July 31, 2025 Average Total VaR: (in millions) Q3/25: $ 13.1 MM Q2/25: $ 14.1 MM Q3/24: $ 13.9 MM 50 40 30 20 10 0 May 1, Jun 2, Jul 1, Jul 31, 2025 2025 2025 2025 -10 -20 -30 Revenue Total VaR 1. Refer to Glossary from pages 68 to
Slide 40: International Banking: Mexico and Chile
International Banking: Mexico and Chile1 MEXICO CHILE $MM , Reported Constant Dollar2 $MM , Reported Constant Dollar2 Q3/25 Y/Y Q/Q Y/Y Q/Q Q3/25 Y/Y Q/Q Y/Y Q/Q Revenue 767 (2%) 1% 4% (1%) Revenue 613 3% (6%) 4% (3%) Expenses 403 (6%) 1% 0% (2%) Expenses 285 2% 0% 3% 2% Provision for credit losses
Slide 41: International Banking: Peru and Colombia
International Banking: Peru and Colombia1 PERU COLOMBIA $MM , Reported Constant Dollar2 $MM , Reported Constant Dollar2 Q3/25 Y/Y Q/Q Y/Y Q/Q Q3/25 Y/Y Q/Q Y/Y Q/Q Revenue 413 (10%) (2%) (13%) (1%) Revenue 302 5% 6% 8% 8% Expenses 186 (5%) (4%) (8%) (3%) Expenses 179 (7%) 1% (4%) 3% Provision for cr
Slide 42: International Banking: Caribbean and Central America
International Banking: Caribbean and Central America1 CARIBBEAN CENTRAL AMERICA $MM , Reported Constant Dollar2 $MM , Reported Constant Dollar2 Q3/25 Y/Y Q/Q Y/Y Q/Q Q3/25 Y/Y Q/Q Y/Y Q/Q Revenue 567 6% 5% 6% 8% Revenue 112 0% 6% (2%) 9% Expenses 268 0% (3%) 1% (1%) Expenses 78 0% 2% (1%) 5% Provisi
Slide 43: Impact of Foreign Currency Translation
Impact of Foreign Currency Translation The table below reflects the estimated impact of foreign currency translation on key income statement items and is computed on a basis that is different than the “Constant dollar” table in Non-GAAP Measures on page 44 to 67. Average Exchange Rate Q3/25 Q2/25 Q3
Slide 44: Non-GAAP Measures
1 2 Non-GAAP Measures 3 4 5 44
Slide 45: Non-GAAP Measures
Non-GAAP Measures The Bank uses a number of financial measures and ratios to assess its performance, as well as the performance of its operating segments. Some of these financial measures and ratios are presented on a non-GAAP basis and are not calculated in accordance with Generally Accepted Accoun
Slide 46: Non-GAAP Measures
Non-GAAP Measures NON-GAAP DEFINITIONS (CONT’D) Net interest margin is a non-GAAP ratio that is used to measure the return generated by the Bank’s core earning assets, net of the cost of funding. Pages 57, Net interest margin (NIM) Net interest margin is calculated as core net interest income divide
Slide 47: Non-GAAP – Adjusted Results
Non-GAAP – Adjusted Results $MM (unless indicated otherwise) Q3/25 Q2/25 Q3/24 Reported Results Total revenue 9,486 9,080 8,364 Provision for credit losses 1,041 1,398 1,052 Non-interest expenses 5,089 5,110 4,949 Income tax expense 829 540 451 Net income 2,527 2,032 1,912 Net income attributable to
Slide 48: Non-GAAP – Reported and Adjusted EPS
Non-GAAP – Reported and Adjusted EPS $MM (unless indicated otherwise) Q3/25 Q2/25 Q3/24 Reported Results Net Income Attributable to Common Shareholders Net Income attributable to common shareholders 2,313 1,841 1,756 Foreign currency loss on redemption of Subordinated Additional Tier 1 Capital Notes
Slide 49: Non-GAAP – Business Line Earnings
Non-GAAP – Business Line Earnings Three months ending July 31, 2025 Three months ending April 30, 2025 Global Global Global Global Canadian International Canadian International $MM (unless indicated otherwise) Wealth Banking and Other Total Wealth Banking and Other Total Banking Banking Banking Bank
Slide 50: Non-GAAP – Business Line Earnings
Non-GAAP – Business Line Earnings Three months ending July 31, 2024 Global Global Canadian International $MM (unless indicated otherwise) Wealth Banking and Other Total Banking Banking Management Markets Reported Results Total revenue 3,305 2,973 1,428 1,264 (606) 8,364 Provision for credit losses 4
Slide 51: Non-GAAP – Adjusted Results
Non-GAAP – Adjusted Results Footnotes 1. These costs relate to the amortization of intangible assets recognized upon the acquisition of businesses, excluding software. These costs are recorded in non- interest expenses - depreciation and amortization for the Canadian Banking, International Banking a
Slide 52: Non-GAAP – Other Segment Adjusted Earnings
Non-GAAP – Other Segment Adjusted Earnings $MM Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Reported NIAEH (465) (619) (1,341) (125) (71) Divestitures and wind-down of operations1 90 - 1,355 20 (29) Amortization of acquisition-related intangible assets2 - - - 9 7 Restructuring charge and severance provisions3 - 38
Slide 53: Non-GAAP – Business Line Return on Equity
Non-GAAP – Business Line Return on Equity International Global Wealth Global Banking Total Reported $MM (unless otherwise stated) Canadian Banking Other Total Banking Management and Markets (Adjusted) For the three months ended July 31, 2025 Net income attributable to common shareholders 958 670 417
Slide 54: Non-GAAP – Return on Tangible Common Equity
Non-GAAP – Return on Tangible Common Equity For the three months ended ($ millions) Q3/25 Q2/25 Q3/24 Reported Average common equity – Reported1 74,972 74,625 71,651 Average goodwill1,2 (9,827) (9,962) (9,052) Average acquisition-related intangibles (net of deferred tax)1 (3,571) (3,586) (3,622) Ave
Slide 55: Non-GAAP – International Banking Constant Dollar Basis
Non-GAAP – International Banking Constant Dollar Basis Reported Results For the three months ended $MM April 30, 2025 July 31, 2024 Foreign Constant Foreign Constant Taxable equivalent basis Reported exchange dollar Reported exchange dollar Net interest income 2,179 28 2,151 2,226 36 2,190 Non-inter
Slide 56: Non-GAAP – International Banking Constant Dollar Basis
Non-GAAP – International Banking Constant Dollar Basis Reported Results For the three months ended $MM January 31, 2025 October 31, 2024 Foreign Constant Foreign Constant Taxable equivalent basis Reported exchange dollar Reported exchange dollar Net interest income 2,169 (5) 2,174 2,147 (33) 2,180 N
Slide 57: Non-GAAP - Net Interest Margin and Risk Adjusted Margin
Non-GAAP - Net Interest Margin and Risk Adjusted Margin $MM (unless specified otherwise) All-Bank Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 1 Average total assets 1,422,740 1,418,795 1,460,615 1,468,310 1,445,858 Less: Non-earning assets 105,539 106,621 115,155 118,403 114,263 Average total earning assets1 1,31
Slide 58: Non-GAAP - Net Interest Margin and Risk Adjusted Margin
Non-GAAP - Net Interest Margin and Risk Adjusted Margin $MM (unless specified otherwise) International Banking Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Average total assets1 232,609 223,525 228,877 229,118 223,347 Less: Non-earning assets 15,326 14,973 14,883 13,917 13,442 Average total earning assets1 217,283
Slide 59: Non-GAAP – All Bank Loan to Deposit Ratio
Non-GAAP – All Bank Loan to Deposit Ratio $Bn (unless indicated otherwise) Q3/24 Q2/25 Q3/25 Avg Loans & Acceptances Loans 753 760 757 Acceptances 7 - - Total 761 760 757 Avg Deposits Deposits from customers 907 924 906 Deposits from banks 49 43 42 Total Deposits 956 968 949 Less: Group Treasury Who
Slide 60: Non-GAAP - International Banking
Non-GAAP - International Banking $Bn Reported Basis Reported Basis (Constant FX) International Business Banking Loans Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Investment Grade 33 32 31 30 29 33 32 31 30 29 Non-Investment Grade 56 54 55 54 53 56 55 54 53 53 $Bn Reported Basis Const
Slide 61: Non-GAAP - Mexico
Non-GAAP - Mexico $MM (unless otherwise specified) Reported Basis Reported Basis (Constant FX) Q3/24 Q2/25 Q3/25 Q3/24 Q2/25 Q3/25 Revenue 781 760 767 735 775 767 Expenses 428 401 403 403 410 403 Provision for Credit Losses 107 145 139 100 148 139 NIAEH 188 155 169 178 156 169 $MM (unless otherwise
Slide 62: Non-GAAP - Chile
Non-GAAP - Chile $MM (unless otherwise specified) Reported Basis Reported Basis (Constant FX) Q3/24 Q2/25 Q3/25 Q3/24 Q2/25 Q3/25 Revenue 597 651 613 587 634 613 Expenses 279 286 285 276 279 285 Provision for Credit Losses 144 168 179 142 162 179 NIAEH 132 172 131 129 167 131 $MM (unless otherwise s
Slide 63: Non-GAAP - Peru
Non-GAAP - Peru $MM (unless otherwise specified) Reported Basis Reported Basis (Constant FX) Q3/24 Q2/25 Q3/25 Q3/24 Q2/25 Q3/25 Revenue 457 422 413 475 415 413 Expenses 196 194 186 202 192 186 Provision for Credit Losses 127 80 85 133 79 85 NIAEH 100 145 109 104 142 109 $MM (unless otherwise specif
Slide 64: Non-GAAP - Colombia
Non-GAAP - Colombia $MM (unless otherwise specified) Reported Basis Reported Basis (Constant FX) Q3/24 Q2/25 Q3/25 Q3/24 Q2/25 Q3/25 Revenue 286 285 302 279 280 302 Expenses 192 178 179 187 175 179 Provision for Credit Losses 156 94 86 151 92 86 NIAEH (25) 5 14 (24) 5 14 $MM (unless otherwise specif
Slide 65: Non-GAAP - Caribbean
Non-GAAP - Caribbean $MM (unless otherwise specified) Reported Basis Reported Basis (Constant FX) Q3/24 Q2/25 Q3/25 Q3/24 Q2/25 Q3/25 Revenue 536 543 567 535 525 567 Expenses 269 280 268 267 273 268 Provision for Credit Losses 26 31 36 26 31 36 NIAEH 162 144 164 163 136 164 $MM (unless otherwise spe
Slide 66: Non-GAAP – Central America
Non-GAAP – Central America $MM (unless otherwise specified) Reported Basis Reported Basis (Constant FX) Q3/24 Q2/25 Q3/25 Q3/24 Q2/25 Q3/25 Revenue 112 106 112 114 102 112 Expenses 77 76 78 79 74 78 Provision for Credit Losses 8 15 18 8 14 18 NIAEH 20 10 9 20 9 9 $MM (unless otherwise specified) Rep
Slide 67: Non-GAAP – International Banking Return on Tangible Common Equity
Non-GAAP – International Banking Return on Tangible Common Equity Average Tangible Common Equity Attributed Capital Total Central Goodwill & Total International $MM Mexico Peru Chile Colombia Caribbean Other International America Intangibles Banking Banking Q3/25 3,935 2,092 4,358 841 1,898 736 1,16
Slide 68: Glossary: Other Financial Measures
1 2 Glossary: Other Financial Measures 3 4 5 68
Slide 69: Glossary – Other Financial Measures
Glossary – Other Financial Measures The ratio of period end total allowance for credit losses (excluding debt securities and deposits with financial institutions) divided by gross Allowance for Credit Losses (ACL) Ratio loans and acceptances. Assets administered by the Bank which are beneficially ow
Slide 70: Investor Relations Contacts
Meny Grauman, Senior Vice-President meny.grauman@scotiabank.com Investor Rebecca Hoang, Vice President Relations rebecca.hoang@scotiabank.com Contacts 70
The Bank of Nova Scotia — Q3 2025 Earnings Presentation on 6ix